Along with Soni, his chief of staff Niket Desai who also joined the etailer from Google has quit as well.

His exit, which ends months of speculation on his exact moves, comes at a time when Flipkart has seen a management overhaul following several top-level exits, including that of commerce platform head Mukesh Bansal.

Since then, Flipkart's new CEO Binny Bansal has reassigned roles of top executives across functions like engineering and supply chain.

A Flipkart spokesperson confirmed that Soni is leaving the company, adding that Friday, April 15, will be his last day at the company. Soni also confirmed the development when contacted by ET.

Later in the year, Flipkart and its fashion unit Myntra also launched a mobile application, only strategy based, on the need to cater to a fast-growing customer segment that was transacting on their phones.

While the strategy was successful in garnering attention towards a critical platform-mobile, it also resulted in the online retailer losing market share to rivals on desktop, according to sources aware of the de velopments.

This, said a person privy to the thinking in the company, could have resulted in Soni's exit finally. ET was unable to independently confirm these developments.

In January, Flipkart had said in a statement to ET that “Punit will transition from his current role to work with Binny Bansal, CEO of Flipkart on company-wide initiatives“. However, the company never clarified his new role.

Besides Mukesh Bansal and Soni, other executives who have quit Flipkart this year include chief business officer Ankit Nagori and Manish Maheshwari who was head of its seller marketplace and ecosystem.

With departure of these executives, Binny Bansal has assigned leadership responsibilities among several executives. Ranjan, is now head of the engineering unit across units like commerce, supply chain and advertising.

Saikiran Krishnamurthy, who was hired as chief operating officer (COO) of commerce unit from McKinsey last year, was named head of logistics unit Ekart and head of aftersales & seller services in the commerce unit.